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vlabodo [156]
3 years ago
11

Five years ago, Alicia invested $10,000 at 5% interest. How much less money would she have today if she had invested the money a

t 4% instead of 5%? Interest is compounded annually.
Business
1 answer:
Strike441 [17]3 years ago
3 0

Answer:

$596.29 less

Explanation:

A = P(1+r)^n

P = $10,000

n = 5 years

If she invested at 5%, r = 5% = 0.05

A = 10,000(1+0.05)^5 = 10,000 × 1.05^5 = $12762.82

If she invested at 4%, r = 4% = 0.05

A = 10,000(1+0.04)^5 = 10,000 × 1.04^5 = $12166.53

Amount of money she would have less if she invested at 4% instead of 5% = $12762.82 - $12166.53 = $596.29

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3 years ago
MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and
Helen [10]

Answer and Explanation:

a. The computation of the weighted average contribution margin ratio is shown below:

The Contribution margin ratio is

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= ($60,000 + $180,000) ÷ ($1,000,000)

= ($240,000) ÷ ($1,000,000)

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3 years ago
Suppose you believe that Delva Corporation's stock price is going to decline from its current level of $82.50 sometime during th
Yakvenalex [24]

Answer:

B. $1,989.75

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Option selling price (Po) = $85 per share

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Since the option allows you to sell shares that are valued at $60 for at $85 each, by selling 100 shares, your total earnings are:

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2 years ago
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Answer:

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3 years ago
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